May 15, 2017
The Brazilian Zappos had a loss of BRL37.7 million ($12.1 mm) this year compared to a loss of BRL61.6 million last year on a 14% increase in sales to BRL396.2 million ($126.7 mm) from BRL347.9 million for Q1 ended Mar. 31, its first report as a U.S.-traded stock.
The net loss was $35.0 million compared to restated income of $14.4 million for the three months ended Apr. 2 as sales fell 28% to $157.6 million from $218.0 million.
Fila consolidated net income in Q1 tripled to KRW25,539 million ($22.1 million) from KRW7,340 million on revenues that were up almost fourfold to KRW653,701 million ($567.0 million) from KRW168,202 million as its reported numbers now incorporate Acushnet, in which it holds a majority stake.
Comprehensive net income climbed 25% to $155,960,000 from $129,407,000 in the first quarter on 4% higher revenues at $2,100,810,000 from $2,028,278,000 at the footwear maker.
A federal court in Northern California denied Columbia’s motion for summary judgment in a case involving consumers who claimed to have been deceived by reference prices paid at a factory outlet store.
Comprehensive net income slipped 14% to RMB2,556.5 million ($384.8 million) from RMB2,962.6 million for the fiscal year ended Feb. 28 on revenues that increased 2% to RMB41,706.5 million ($6,277.3 million) from RMB40,790.2 million.
He has been head of the brand in the Americas since Mar. of this year when he succeeded Todd Spaletto, coming to that position from head of TNF in Europe where he had headed that region since 2010.
VanMoof is recalling 375 B and S series bicycles because the front fender bolts do not break when an object gets stuck between the front tire and the fender, posing a fall hazard.